ShippingWatch

Carriers flock to trending wind market – but entry costs exclude many

Several shipping companies are keeping a keen eye on the hot market for wind turbine installation vessels, which is predicted to grow significantly. But the ships are so expensive that the market is not accessible to the average carrier, says analyst. ShippingWatch paints a picture of the market, the biggest players and their customers.

Photo: PR / Cadeler

Shipping companies around the world are now flocking to the scorching hot wind market, which is currently one of the only shipping markets that can look forward to structural growth in the coming years.

The trend became even more apparent with US-based dry bulk company Scorpio Bulkers' decision to divest all of its vessels to instead venture into the wind market and order wind installation vessels. Meanwhile, Norwegian shipping profile Arne Blystad has similar ambitions for his company OHT.

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